China: Investing in Guangdong Easier for Foreign Firms After New Incentives

2018-09-21

On September 13, South China’s Guangdong province announced a series of investment incentives and cost-cutting measures to offset the impact of the worsening trade war with the US, according to an article from China Briefing.

Most notably, the plan allows foreign investors to set up wholly foreign-owned enterprises (WFOEs) to produce special-purpose and new energy vehicles (NEVs), drones, aircraft, and other high-tech industries – where joint ventures were previously required.